Jumia Technologies (NYSE:JMIA) Releases Earnings Results

Jumia Technologies (NYSE:JMIA) announced its earnings results on Thursday. The company reported ($999.00) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $45.69 million for the quarter. Jumia Technologies had a negative return on equity of 161.08% and a negative net margin of 53.64%.

Jumia Technologies Trading Up 0.9 %

Shares of JMIA stock opened at $2.85 on Friday. Jumia Technologies has a 1-year low of $2.69 and a 1-year high of $15.04. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $3.97 and its 200-day simple moving average is $4.47.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada initiated coverage on Jumia Technologies in a research report on Wednesday, November 13th. They set a “sector perform” rating and a $5.00 target price on the stock.

About Jumia Technologies

Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company’s platform consists of marketplace that connects sellers with customers; logistics service, which enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company’s platform in selected markets under the JumiaPay name.